Private health insurer nib has booked a five per cent rise in first half net profit as the private health insurer lured more members and increased prices. The result compares with a net profit of $41.4 million for the same period a year earlier, which benefited by $5.4 million from the sale of its stake in Pacific Smiles Group. The company's 1.8 per cent growth in Australian Residents Health Insurance policyholder numbers helped drive a 10.5 per cent rise in premium revenue to $781.3 million.
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